VK Sharma

Markets continued to do well even after Diwali, with the Nifty 50, Midcap and Smallcap indices rising 1.06%, 2.02% and 2.69% respectively. Retail investors are happy that the mid- and small-cap indices have done better than the large caps. And what’s more, the markets have delivered a weekly gain for the third time on the trot.

I draw your attention to trendline 17, which is made by joining the all-time high mark of 20,222 made on September 15 and 19,849 recorded on October 17. The Nifty broke this trendline in the opening minutes of the short muhurat session, but closed the session lower than the trendline only to slip further in the next session. But markets bounced back on Wednesday with a vengeance and have since managed to hold t…